Retirement plan

R & D MAINTENANCE SERVICES, INC. 401(K)PLAN

Name: R & D MAINTENANCE SERVICES, INC. - R & D MAINTENANCE SERVICES, INC. 401(K)PLAN (2023) Form 5500
Creator: R & D MAINTENANCE SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, R & D MAINTENANCE SERVICES, INC. 401(K)PLAN, R & D MAINTENANCE SERVICES, INC.

R & D MAINTENANCE SERVICES, INC.EIN 73-1098539Plan #001PY 2023

6846 S. CANTON AVE., SUITE 250 - TULSA, OK 74136918-392-8900

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$7.4M

+8.9% from 2022

Total participants

220

+7.3% from 2022

Average account balance

$33,610

+1.5% from 2022

Annual return

12.34%

+28.60 pp from 2022

Benchmarks

See 1,361 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants100-249

Cohort1,361 peers

Snapshot2023

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$7.93M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$32K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

248

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$906K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+9.85%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$297

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 1 by compensation

Provider	Service type	Compensation
HOGANTAYLOR LLP1 year Filed as: HOGANTAYLOR, LLP Service code 10 P.O. BOX 21568 · TULSA, OK 74121	Accounting	$15,500

Plan features & details

Pension benefit codes2A2E2F2J3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$72K

$398 / participant

Recordkeeping$13K18.5%
Investment mgmt$36K50.2%
Contract admin$7K9.7%
Other / not subdivided$16K21.6%

% of EOY assets

0.970%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: HOGANTAYLOR, LLP
Auditor EIN: 731413977
Audit fees: $15,500
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$33,610

$41,150-18.3%

$80,627-58.3%

$71,511-53.0%

Participation rate

100.0%

50.3%+49.7pp

67.0%+33.0pp

67.9%+32.1pp

Annual return

12.34%

38.48%-26.1pp

936.76%-924.4pp

28.86%-16.5pp

Employer contribution / active EE

$2,266

$1,515+49.5%

$2,723-16.8%

$2,589-12.5%

Participant deferral / active EE

$1,817

$2,701-32.7%

$4,443-59.1%

$4,291-57.7%

Admin fee / account holder

$326

$1,841-82.3%

$5,381-93.9%

$1,588-79.5%

Provider

Service type

Compensation

HOGANTAYLOR LLP1 year

Filed as: HOGANTAYLOR, LLP

Service code 10

P.O. BOX 21568 · TULSA, OK 74121

Accounting

$15,500

R & D MAINTENANCE SERVICES, INC. 401(K)PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

R & D MAINTENANCE SERVICES, INC. 401(K)PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion